₦airaland Forum

awesomeJ:
You're talking more about asset managers.

My product requires a hedge fund license.

Typically, I won't be allowed to have clients below a certain amount in net worth. Only HNIs, but I'm not exactly sure what the sec regulations on those are.

My guess is that they'll be boring, given that the entire market sef is still boring.

So many instruments still missing.

Imagine if Agba could buy options and finally short his GTCO, would be doing boring fix deposits.


Those guys on customs Street are just sitting in suit and A. C being comfortable with a market of 230 million people doing just $10m per day.

When we should be doing up to $1bn daily if market was deep and advanced enough.

It's only to be celebrating boring T+2.

Something that's mostly just updating one line of code , changing compliance rules and updating cron jobs.

Unfortunately there is no license for a Hedge Fund in Nigeria.

You can't have a Hedge Fund in Nigeria, but subscribers to the fund must understand the risks involved and the fund is not regulated by SEC

awesomeJ:
Today that I almost discounted as not a trading day, not even 1 hour yet and it's already my most profitable day of the month!!

I'll take it as God's christmas gift to me

With this now, I've also broken out of the slow profits of October/November, back above $2k in monthly profits.

Others are seeing red, you are seeing green



Please give us tips 🙏

Alleged alteration of tax laws: Ndume calls for probe, delay in take-off

https://thenationonlineng.net/alleged-alteration-of-tax-laws-ndume-calls-for-probe-delay-in-take-off/


The pressure is mounting.

awesomeJ:
Still doesn't make it an equity fund.

You do mutual funds so you should know this.

There are bond funds that have equity exposure, there are balanced funds , there are Guaranteed income funds.

Then there are equity funds.


Maybe our market will finally wake up/advance to a level where you can just walk up to a bank, the SEC or the exchange and have them create a non existent investment product just for your own strategy.


Like how credit default swaps were created for that Doctor by Goldman simply cos he asked for it.

But here we are still not even able to do something as basic as margin lending.

If it is not equity fund so what will it be called. Abi you prefer zo call it equity investment.
Or you have plans to invest beyond stock if u get such fund in future and approval

awesomeJ:
It exists is different from it being prevalent.

How many brokers do you know offer it in this market without any restrictions on your Portfolio.


I've been asking Morgan for it since 2021, their excuse is that the SEC suspended it.

Talk to a bank, they start looking like stock trading is like forex that nobody understands.


The fact that you get it doesn't mean it's prevalent o.

How can you do margin trading and no restrictions on your portfolio. If you are a shareholder of the Stockbroking firm will you like that


The best you can get is that if you have a portfolio of N100 million of acceptable stocks, your Stockbroker can give you an additional N100 million as a margin loan.

Meaning the total portfolio ie your contribution and the loan is now N200 million, but you can't pull out a Kobo from the portfolio but you can trade.

But if the the total value of the portfolio comes down to N150 million due to trading charging and depreciation of stock prices, there will be a margin call and the Stockbroker will be forced to get their loans and accumulated interest


So at the end of the day you might go home with N30 million down from your initial N100 million

emmanuelewumi:
Unfortunately there is no license for a Hedge Fund in Nigeria.

You can't have a Hedge Fund in Nigeria, but subscribers to the fund must understand the risks involved and the fund is not regulated by SEC

Imagine.
How can an entire country not have hedge fund license.

Thank God I'm still young sha.

I will still enjoy maturity in this market before I retire.

At least 10 years after Agba has retired to the beach.

leo1234:
Others are seeing red, you are seeing green



Please give us tips 🙏

😁😁😁

When others see 1354% in stocks like NCR.

I hardly see 5% o.

So let everyone stock to what works.

awesomeJ:
Imagine.
How can an entire country not have hedge fund license.

Thank God I'm still young sha.

I will still enjoy maturity in this market before I retire.

At least 10 years after Agba has retired to the beach.

You can have your Hedge Fund, your friends and family who believe in you can subscribe to it. You have your Memorandum of Understanding but you can't market the product to the public

Mankind2024:
Thank you for your comment, brother.
First, let me clarify: I have never once called myself the "biggest master" of the game or anything close to that. In my article, I openly described myself as a boring investor—one who simply buys quality businesses and holds through thick and thin, inspired by Buffett, Munger, and the psychology of grit. No claims of superiority, just sharing a real journey to encourage others.

My posts are meant to motivate new and discerning investors—those who are patient, disciplined, and focused on long-term compounding—not the quick, smart traders who thrive on volatility and frequent moves (no shade; that's a valid style, and it seems to suit you well with your UCAP wins—congrats on those!).

I'm not here to prove anything or seek titles. My goal is generational wealth: planting seeds today that my children and grandchildren can harvest tomorrow. That's a different horizon from shorter-term ambitions, and both can coexist respectfully.

No need for prostration or "Baba" calls—I'm just a fellow traveler on this marathon. Keep winning your way, and I'll keep sharing quietly to inspire those who need it.

Stay blessed, and merry Christmas! 🚀

Please continue to give us updates 🙏

Agba and I need to learn from you

emmanuelewumi:
You can have your Hedge Fund, your friends and family who believe in you can subscribe to it. You have your Memorandum of Understanding but you can't market the product to the public

As his friend. I will contribute but the papers to that his house will be with me to keep for him for safety..lol

Agbalowomeri:
Na like this Ololo take start o

Must you spoil market for the guy?

Allow him to give us updates.
We are here to learn

pluto09:
Na bull market we dey, make people enjoy it while it last

Agbalowomeri don't believe in bull market for now.

Streetinvestor2:
As his friend. I will contribute but the papers to that his house will be with me to keep for him for safety..lol

Person wey dey find margin loan to trade stocks but no want make stockbrokers out a restriction on his stockbroking.

Na that kain person go wan drop the document of his house.

Me I no dey accept house document sef, you fit go report to the land registry that you house document was stolen. So you better involve a lawyer and a property professional if you want to accept house document as a collateral security

leo1234:
Must you spoil market for the guy?

Allow him to give us updates.
We are hear to learn

Do you know Ololo?

Streetinvestor2:
That means ngx was even a learner this yr.What is the exchange rate and inflation rate like in those countries too

Ghana inflation rate in November is 6.3% . I don't know much about Malawi. It does look like Ghana is doing a lot of things right , and there is a relative stability in Ghana right now compared to Nigeria.

Streetinvestor2:
If it is not equity fund so what will it be called. Abi you prefer zo call it equity investment.
Or you have plans to invest beyond stock if u get such fund in future and approval

I replied to you o. I don't know why Seun's not banned me.

I mentioned words like Cassablanca, T-bills and 70%. I no know which one vex am.

emmanuelewumi:
You can have your Hedge Fund, your friends and family who believe in you can subscribe to it. You have your Memorandum of Understanding but you can't market the product to the public

Yes. Just not scalable. We need to develop depth in this market.

emmanuelewumi:
Person wey dey find margin loan to trade stocks but no want make stockbrokers out a restriction on his stockbroking.

Na that kain person go wan drop the document of his house.

Me I no dey accept house document sef, you fit go report to the land registry that you house document was stolen. So you better involve a lawyer and a property professional if you want to accept house document as a collateral security

You don't understand what I meant by restriction.

What you described where you can trade and withdraw as long as your balance is above 200% of the facility, that's not restriction.

Restriction would be placing lien on my portfolio altogether.

Then those who don't do that charge high brokerage which is a bigger restriction.

I never said setting a balance threshold while I can trade freely above the threshold and with low fees, I never said that's a restriction, you assumed it.

awesomeJ:
Yes. Just not scalable. We need to develop depth in this market.

Become an influencer, if you have just 10,000 followers your proposed Hedge Fund will fly.

The problem be say you can't advertise it to the public and even your followers.

But if you dey show workings your followers will beg you to accept money from them so that you invest it in your fund even though it is not regulated by SEC they will be ready to damn the consequences

emmanuelewumi:
Become an influencer, if you have just 10,000 followers your proposed Hedge Fund will fly.

The problem be say you can't advertise it to the public and even your followers.

But if you dey show workings your followers will beg you to accept money from them so that you invest it in your fund even though it is not regulated by SEC they will be ready to damn the consequences

You don't seem to understand my point.

The market needs to grow way beyond your basic style of buy, hooooold, sell.


It makes no sense for an entire country not to license hedge funds, it shows lack of sophistication.


I don't need your advice on how to build a fund, what is needed is for you to realize that financial markets have advanced way beyond dividends and coupons which are the only old school things you seem to know.

awesomeJ:
You don't understand what I meant by restriction.

What you described where you can trade and withdraw as long as your balance is above 200% of the facility, that's not restriction.

Restriction would be placing lien on my portfolio altogether.

Then those who don't do that charge high brokerage which is a bigger restriction.

I never said setting a balance threshold while I can trade freely above the threshold and with low fees, I never said that's a restriction, you assumed it.

There is a lien on your account in that set up, you will have to migrate from direct payment into your bank account.

For Meristem, they will open a new stockbroking account that will bear your name and their name.

There are also restrictions on the stocks you can buy.

United Capital also offer that.


For me sha, if I have a portfolio of N100 million, I will only borrow maximum of N30 million against the portfolio. With this I can sleep well at night and margin call is almost impossible

awesomeJ:
You don't seem to understand my point.

The market needs to grow way beyond your basic style of buy, hooooold, sell.


It makes no sense for an entire country not to license hedge funds, it shows lack of sophistication.


I don't need your advice on how to build a fund, what is needed is for you to realize that financial markets have advanced way beyond dividends and coupons which are the only old school things you seem to know.

I don't disturb myself on what I don't have power over


There are other sophisticated markets where we have Hedge Funds. You may decide to have your Hedge Fund in those market

Even though we don't have a registered Hedge Fund in Nigeria. Ololo had something of that nature about 20 years ago and had billions of Naira under management because people trusted his knowledge, experience and most importantly his influence on the market.

awesomeJ:
You don't seem to understand my point.

The market needs to grow way beyond your basic style of buy, hooooold, sell.


It makes no sense for an entire country not to license hedge funds, it shows lack of sophistication.


I don't need your advice on how to build a fund, what is needed is for you to realize that financial markets have advanced way beyond dividends and coupons which are the only old school things you seem to know.

Maybe in other countries. Not this naija when many yahoo people full everywhere. You can even see we have so many yahoo people in this thread now unlike before. A country whr many lack integrity and trust. No bro we never reach that level

With the right tutelage and mentorship from Ololo, anyone interested in having a Hedge Fund should be able to have one in Nigeria

emmanuelewumi:
There is a lien on your account in that set up, you will have to migrate from direct payment into your bank account.

For Meristem, they will open a new stockbroking account that will bear your name and their name.

There are also restrictions on the stocks you can buy.

United Capital also offer that.


For me sha, if I have a portfolio of N100 million, I will only borrow maximum of N30 million against the portfolio. With this I can sleep well at night and margin call is almost impossible

I can live with all these terms. As long as I can trade at 0.5% brokerage and with that caladata platform. Those two are important.


I remember trying to trade with a platform built by infoware back in june I saw shege.

It's easier for a camel to pass through the eye of a needle than for my strategy to succeed on such a boring platform. Imagine no real time streaming of market trades, if your orders get updated (full or partial fill) you'll never know until you manually refresh.


That kind platform only suits Pa Emma and Agba.

Streetinvestor2:
Maybe in other countries. Not this naija when many yahoo people full everywhere. You can even see we have so many yahoo people in this thread now unlike before. A country whr many lack integrity and trust. No bro we never reach that level

Okay, even if hedge funds are still a stretch. How about making margin loans prevalent and having a bigger derivatives market.

So I can short NCR for instance.

Or buy options to buy GTCO at 100 when i'm. Confident it will be trading at 150.


Those ones don't have yahoo boy risk na.

This $10m we're doing is just too lean.

awesomeJ:
I can live with all these terms. As long as I can trade at 0.5% brokerage and with that caladata platform. Those two are important.


I remember trying to trade with a platform built by infoware back in june I saw shege.

It's easier for a camel to pass through the eye of a needle than for my strategy to succeed on such a boring platform. Imagine no real time streaming of market trades, if your orders get updated (full or partial fill) you'll never know until you manually refresh.


That kind platform only suits Pa Emma and Agba.

Csn u go out all day only buying but not sell.Then another u could do only sell without buy.like 2 or 3 days interval for buy and sell
Abi everyday u must buy and sell something

emmanuelewumi:
I don't disturb myself on what I don't have power over


There are other sophisticated markets where we have Hedge Funds. You may decide to have your Hedge Fund in those market

Even though we don't have a registered Hedge Fund in Nigeria. Ololo had something of that nature about 20 years ago and had billions of Naira under management because people trusted his knowledge, experience and most importantly his influence on the market.

Just two problems:
1. Do I have another 7 years to spend mastering a new market as much as I've mastered this one?
2. While N1bn here would make you hold good stance, it can't even but 2000 unit's of Alphabet Class A.

awesomeJ:
I suspect that hurdle.



You're simply assuming on what you don't understand.

Ok. Let's see you get approved then

Streetinvestor2:
Csn u go out all day only buying but not sell.Then another u could do only sell without buy.like 2 or 3 days interval for buy and sell
Abi everyday u must buy and sell something

Every day I place orders buy and sell, what gets filled is not up to me.

But there's hardly any day I don't trade.

Hardly any day I trade less than 100 deals sef.

awesomeJ:
Okay, even if hedge funds are still a stretch. How about making margin loans prevalent and having a bigger derivatives market.

So I can short NCR for instance.

Or buy options to buy GTCO at 100 when i'm. Confident it will be trading at 150.


Those ones don't have yahoo boy risk na.

This $10m we're doing is just too lean.

That maybe possible when ngx grows to like half the size of SA market. Now it is still shallow